Citi Maintains Buy Rating On Energen

According to Citi, Energen EGN reported recurring EPS of $0.87 vs. consensus of $0.77p/s. Citi said that much better than expected results out of E&P (+$0.20p/s) helped offset lower results out of Alagasco (-$0.04p/s). “We maintain our Buy / Medium Risk Rating & $69 Target.” Energen closed yesterday at $59.96.